Mphunzitsi SACCO formerly known as Thyolo Teachers SACCO is a member run registered financial cooperative with its head office in Thyolo but having a coverage of across Malawi through branches and satellite offices. The SACCO is looking for energetic, self-motivated and enthusiastic persons who wish to pursue a carrier in cooperatives development to fill the position of SACCO General Manager reporting to the SACCO Board of Directors through the Board Chairperson. The General Manager will be responsible for day to day operations of the SACCO to ensure efficiency and timely delivery of financial services to members and
sustainable growth of the SACCO

KEY RESPONSIBILITIES OF THE POSITION
The successful candidate will have the following key duties and responsibilities amongothers:

Major Duties, Responsibilities and Accountabilities:

• • Management day to day financial operations of the SACCO based on strategic plan, policies, procedures and good practices as approved by the Board of Directors from time to time.
  • Manage staff and ensure high productivity.
  • Support the Board of Directors in preparation of strategic plans.
  • Prepare and implement yearly business plans for Board’s approval.
  • Ensure performance agreements of all staff are in place at the beginning of the year and that appraisals are done mid-year and at the end of the year.
  • Manage assets, liabilities of the SACCO to attain desired yields from member savings, shares, deposits, loans and investments.
  • Ensure delivery of quality services to members.
  • With the support of the Internal Auditor, ensure timely review of internal controls and their effectiveness.
  • Providing timely SACCO operations and administrative reports to the Board of Directors (Management reports provided monthly and SACCO performance reports provided quarterly).
  • Prepare, manage, attend to SACCO committee meetings and other SACCO scheduled meetings.
  • Ensure the SACCO’s compliance to industry and regulatory standards as set by the Registrar of Cooperatives and the Reserve Bank of Malawi.
  • Identify and manage risks of the SACCO.
  • Provide information to the Board of Directors, committees and staff regarding direction of the SACCO with a view to grow the business.
  • Any other duties as advised by the Board of Directors.

THE PERSON
The ideal candidate should have:

• • Master Degree in Business Administration or Financial Management or Finance and Accounting or Strategic Management or related field with at least 3 years post qualification experience in financial institution at Managerial level involved in strategic planning, budgeting, credit management, product development and reporting.
  • A bachelor’s degree in Accounting, Finance, Economics, Business Administration or related field with at least 5 years post qualification experience in financial institution at Managerial level involved in strategic planning, budgeting, credit management, product development and reporting.
  • A good grasp of the SACCO industry in Malawi, regulatory framework and current issues affecting the industry in general.
  • Experience working with Boards of Directors.
  • Knowledge of finance, human resource management and general marketing of financial products and services.
  • Mature and able to make administrative decisions.
  • High attention to detail and excellent analytical skills.
  • Sound independent judgment
  • High performance attitude, resilience, honest and high integrity.
  • Excellent Written and oral Communication
  • Constructive Feedback; coaching and mentoring skills
  • Leadership skills that include staff motivation
  • Focused on improving efficiency without compromising members service and quality
  • Good organizational and time management skills
  • Determination and the drive to work towards targets
  • Good business sense and a professional manner
  • Knowledge and experience in organizational effectiveness and operations management implementing best practices.
  • Excellent interpersonal skills and a collaborative management style.

METHOD OF APPLICATION
Interested persons should submit their applications with detailed curriculum vitae (CV), copies of academic and professional certificates and contact details of at least three traceable referees, two of which should be from previous and/or current employer(s) and these must be submitted to the following address or hand delivered by close of business not later than 25 February, 2023 to:

The Board Chairperson
Mphunzitsi SACCO
P.O. Box 175
THYOLO
Email:  [email protected]

Only shortlisted candidates will be acknowledged.